{"title":"Wood product differentiation in age-structured forestry","authors":"Matti Laukkanen, Olli Tahvonen","doi":"10.1016/j.reseneeco.2023.101374","DOIUrl":"10.1016/j.reseneeco.2023.101374","url":null,"abstract":"<div><p>We develop the classic market-level, age-structured forest model by extending the description of forestry output from homogenous wood to a set of differentiated outputs such as sawlogs and biofuels. The extension changes several most established results on the long-run sustainable market equilibrium of forestry. We show the existence of an optimal steady state with two (or more) simultaneous rotation periods. This equilibrium yields a smooth timber flow without normal forest structure and thus deviates from existing normal forest results as well as results on equilibrium cycles. We further show that the optimal rotation structure depends on wood product demand and the demand for land outside forestry, another feature that is absent in previous model formulations.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41661128","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How should the use of nonrenewables be taxed under a public budget constraint?","authors":"Julien Xavier Daubanes , Pierre Lasserre","doi":"10.1016/j.reseneeco.2023.101375","DOIUrl":"10.1016/j.reseneeco.2023.101375","url":null,"abstract":"<div><p>Most developed countries will be facing severe public budget constraints. We examine how extraction or use of nonrenewable resources should be taxed when governments need to collect commodity tax revenues. Moreover, we show how our results can be directly used to indicate how carbon taxation of nonrenewable energy sources should be increased in the presence of public-revenue needs. The obtained tax formula is an augmented, dynamic version of the standard Ramsey taxation rule. It distorts developed reserves, which are reduced, and their depletion, which is slowed down, going further in the direction prescribed for the resolution of the climate externality. We present a simple calibrated application of our results to illustrate how carbon taxation of oil should be strongly augmented, and the incidence of this adjustment on oil use and tax revenues.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45615430","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An environmental Decameron: Introducing the special issue on ‘Carbon pricing, energy efficiency and renewable policies for a decarbonised future’","authors":"Simone Borghesi, Corrado Di Maria","doi":"10.1016/j.reseneeco.2023.101372","DOIUrl":"https://doi.org/10.1016/j.reseneeco.2023.101372","url":null,"abstract":"","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50198303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"International production chains and the pollution offshoring hypothesis: An empirical investigation","authors":"Aurélien Saussay , Natalia Zugravu-Soilita","doi":"10.1016/j.reseneeco.2023.101357","DOIUrl":"10.1016/j.reseneeco.2023.101357","url":null,"abstract":"<div><p>Most analyses of the impact of heterogeneous environmental policy stringency on the location of industrial firms have considered the relocation of entire activities – the well-known <em>pollution haven hypothesis</em>. Yet international enterprises may decide to only offshore a subset of their production chain – the so-called <em>pollution offshoring hypothesis</em> (POH). We introduce a simple empirical approach to test the POH combining a comprehensive industrial mergers and acquisitions dataset, a measure of sectoral linkages based on input-output tables and an index score of environmental policy stringency. Our results confirm the impact of relative environmental policy stringency on firms’ decisions to engage in cross-country M&As. Our findings also indicate that environmental taxation have a stronger impact on international investment decisions than standards-based policies. Further, we find that transactions involving a target firm operating in a sector upstream of the acquirer are more sensitive to environmental policy stringency, especially when that sector is highly pollution-intensive. This empirical evidence is consistent with the pollution offshoring hypothesis.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46504997","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"What makes green persuasion effective? Evidence from a community-financed sanitation program in Indonesia","authors":"Hide-Fumi Yokoo , Tetsuya Harada","doi":"10.1016/j.reseneeco.2023.101371","DOIUrl":"10.1016/j.reseneeco.2023.101371","url":null,"abstract":"<div><p>Understanding when and where face-to-face communication affects pro-environmental decisions is important for policymakers. We study a data set collected in a solicitation project intended to increase participation in a community-financed waste collection program in Indonesia. Two types of messages are developed and randomly assigned to 748 households. In addition, solicitors are randomly assigned to a control group or one of two treatment groups, and these groups are shuffled further midway through the project. These two orthogonal randomizations allow us to assess the impact of a combination of messages, solicitors and households. We find that the “help the children” message increases the probability of participation for households with a young child. Solicitor personality is associated with immediate participation but becomes nonsignificant after three months. Furthermore, a household is more likely to participate if a solicitor knows the respondent personally. These results suggest that, at least in the short term, important factors in encouraging behavioral changes include not only the contents of messages but also the type of sender of such messages. This paper highlights the possible impact of targeting and content-sender-receiver matching when persuasive communication is used as an environmental policy instrument.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44562051","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An Environmental Decameron: Introducing the Special Issue on `Carbon Pricing, Energy Efficiency and Renewable Policies for a Decarbonized Future'","authors":"S. Borghesi, Corrado Di Maria","doi":"10.1016/j.reseneeco.2023.101372","DOIUrl":"https://doi.org/10.1016/j.reseneeco.2023.101372","url":null,"abstract":"","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42963117","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Stefan Ambec , Céline Nauges , Subhrendu K. Pattanayak
{"title":"Introduction to the SETI special issue","authors":"Stefan Ambec , Céline Nauges , Subhrendu K. Pattanayak","doi":"10.1016/j.reseneeco.2023.101361","DOIUrl":"10.1016/j.reseneeco.2023.101361","url":null,"abstract":"","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48119708","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Hotelling and recycling","authors":"Bocar Samba Ba , Raphael Soubeyran","doi":"10.1016/j.reseneeco.2023.101358","DOIUrl":"10.1016/j.reseneeco.2023.101358","url":null,"abstract":"<div><p>We study the exploitation of recyclable exhaustible resources such as metals that are crucial for the energy transition or phosphorus that is crucial for agricultural production. We use a standard Hotelling model of resource exploitation that includes a primary sector and a recycling sector. We study two polar cases: competitive and monopolistic extraction. We show that, when the primary sector is competitive, the Hotelling’s rule holds and the price of the recyclable resource increases over time. We then show a new reason why the price of an exhaustible resource may decrease: when the primary sector is monopolistic, the primary producer has incentives to delay its production activities in order to delay recycling. As a consequence, the price path of the recyclable resource may be U-shaped. Numerical simulations reveal that the monopolist has an incentive to delay extraction when the recoverability rate is high (because more recycled goods are produced) or when the recoverability rate is low (when fewer recycled goods are expected to be produced in the future). As a consequence, the date of exhaustion of the virgin resource is further away in time for high and low levels of recoverability than for intermediate levels.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44963881","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Simon Chazel , Sophie Bernard , Hassan Benchekroun
{"title":"Energy transition under mineral constraints and recycling: A low-carbon supply peak","authors":"Simon Chazel , Sophie Bernard , Hassan Benchekroun","doi":"10.1016/j.reseneeco.2023.101356","DOIUrl":"10.1016/j.reseneeco.2023.101356","url":null,"abstract":"<div><p>What are the implications of primary mineral constraints for the energy transition? Low-carbon energy production uses <em>green capital</em>, which requires primary minerals. We build on the seminal framework for the transition from a dirty to a clean energy in Golosov <em>et al</em>. (2014) to incorporate the role played by primary minerals and their potential recycling. We characterize the optimal paths of the energy transition under various mineral constraint scenarios. Mineral constraints limit the development of green energy in the long run: Low-carbon energy production eventually reaches a plateau. We run our simulations using copper as the limiting mineral and we allow for its full recycling. Even in the limiting case of a 100% recycling rate, after five to six decades green energy production is 50% lower than in the scenario with unlimited primary copper, and after 30 decades, GDP is 3–8% lower. In extension scenarios, we confirm that a longer life duration of green capital delays copper extraction and the green energy peak, whereas reduced recycling caps moves the peak in green energy production forward.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44108954","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The effect of China's driving restrictions on air pollution: The role of a policy announcement without a stated expiration","authors":"Wenbo Li","doi":"10.1016/j.reseneeco.2023.101360","DOIUrl":"10.1016/j.reseneeco.2023.101360","url":null,"abstract":"<div><p>Driving restrictions keep cars off the street largely on the basis of the last digit of the license plate number. This paper evaluates how different driving restriction policies affected the air quality of the 17 cities in Henan, one of China’s most populous provinces, from 2017 to 2019. I offer a novel way to categorize driving restrictions by making a distinction between cities that announced driving restrictions without a stated expiration and other cities that announced driving restrictions with a stated expiration. I provide some suggestive evidence on the exogeneity of timing, and using two-way fixed effects, I find significant heterogeneity in policy effectiveness. The policy reduced particulate matter concentration in cities that announced driving restrictions without a stated expiration, but had no effect in cities that announced driving restrictions with a stated expiration. To explain this difference, I build a model, which implies that driving restrictions announced without a stated expiration can induce people to pay a high fixed cost in exchange for a low transit time and not to choose non-compliance, two behavioral changes with the potential to further reduce air pollution. Thus, managing the duration of a policy and people’s expectations of its duration can matter crucially for the policy’s effectiveness.</p></div>","PeriodicalId":47952,"journal":{"name":"Resource and Energy Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48232027","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}